New Risk • Jun 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 70% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Ankündigung • Jun 02
Mattr Corp. Announces Appointment of Michael Lucas as Director, Effective June 1, 2026 Mattr Corp. announced the appointment of Michael Lucas as a director of the Company effective June 1, 2026. Michael Lucas will serve on both the Audit and Compensation & Organizational Development Committees of Mattr. Michael Lucas is an accomplished executive leader with more than 25 years of experience in complex global manufacturing and industrial technology businesses. His expertise includes corporate strategy, operational transformation, commercial development, and M&A integration across a broad range of end markets, including oil and gas, clean energy, utilities, transportation, telecommunications, industrial equipment, and food & beverage. Most recently, Michael Lucas served as President and Chief Executive Officer of RegO Products from 2015 to 2021, a private equity-sponsored flow control products company. During his tenure, he led the business through a successful turnaround, sale, and integration into Dover Corporation. Following the acquisition, he led Dover’s Clean Energy platform which included additional platform and bolt-on acquisitions. Prior to RegO Products, Michael Lucas served as President, Chief Executive Officer, and Director of Powell Industries, a NASDAQ-listed manufacturer of medium-voltage electrical equipment headquartered in Houston, Texas. He also served on the public company Board of Directors of Team Industrial Services from 2015 to 2021. Additionally, Michael Lucas held several senior leadership roles with Emerson Electric in both the United States and Europe, including Divisional President positions within the Energy Systems, Connectivity Solutions, Sola/Hevi-Duty Power, and Remote Automation Solutions businesses. Michael Lucas holds a Bachelor of Science degree in Electrical Engineering from Bradley University and an MBA from University of Chicago Booth School of Business. Major Estimate Revision • May 20
Consensus EPS estimates increase by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CA$1.26b to CA$1.31b. EPS estimate increased from CA$0.463 to CA$0.633 per share. Net income forecast to grow 512% next year vs 50% growth forecast for Energy Services industry in Canada. Consensus price target up from CA$10.18 to CA$13.68. Share price rose 37% to CA$12.80 over the past week. Reported Earnings • May 14
Full year 2025 earnings released: EPS: CA$0.78 (vs CA$0.094 loss in FY 2024) Full year 2025 results: EPS: CA$0.78 (up from CA$0.094 loss in FY 2024). Revenue: CA$1.27b (up 43% from FY 2024). Net income: CA$48.3m (up CA$54.5m from FY 2024). Profit margin: 3.8% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Price Target Changed • May 14
Price target increased by 12% to CA$10.75 Up from CA$9.57, the current price target is an average from 7 analysts. New target price is 9.3% below last closing price of CA$11.85. Stock is up 14% over the past year. The company is forecast to post earnings per share of CA$0.46 for next year compared to CA$0.78 last year. Ankündigung • May 01
Mattr Corp. Announces Not Stand for Re-Election of Marvin Riley to the Board of Directors Mattr Corp. announced that, for personal reasons, Marvin Riley, will not be standing for re-election to the Board of Directors at the Company’s upcoming Annual Meeting of Shareholders to be held on May 14, 2026 . The Board will consider the size of the Board and whether to appoint an additional Board member following the AGM. Major Estimate Revision • Mar 19
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CA$0.64 to CA$0.463 per share. Revenue forecast steady at CA$1.26b. Net income forecast to shrink 44% next year vs 24% growth forecast for Energy Services industry in Canada . Consensus price target up from CA$9.57 to CA$10.04. Share price rose 10% to CA$9.03 over the past week. Recent Insider Transactions • Mar 17
Independent Director recently bought CA$90k worth of stock On the 16th of March, Alan Hibben bought around 10k shares on-market at roughly CA$8.97 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$221k. Insiders have collectively bought CA$915k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 13
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CA$0.78 (up from CA$0.094 loss in FY 2024). Revenue: CA$1.27b (up 43% from FY 2024). Net income: CA$48.3m (up CA$54.5m from FY 2024). Profit margin: 3.8% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Ankündigung • Mar 03
Mattr Corp., Annual General Meeting, May 14, 2026 Mattr Corp., Annual General Meeting, May 14, 2026. Recent Insider Transactions Derivative • Jan 08
President exercised options to buy CA$3.9m worth of stock. On the 5th of January, Michael Reeves exercised 689.79k options to receive shares at no cost, then sold around 194.00k of them at CA$48,709 each and kept the remainder. Since March 2025, Michael's direct individual holding has increased from 175.19k shares to 238.96k. Company insiders have collectively bought CA$14b more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Nov 17
Independent Director recently bought CA$79k worth of stock On the 14th of November, Alan Hibben bought around 10k shares on-market at roughly CA$7.91 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$381k. Insiders have collectively bought CA$163k more in shares than they have sold in the last 12 months. Price Target Changed • Nov 14
Price target decreased by 14% to CA$11.07 Down from CA$12.82, the current price target is an average from 7 analysts. New target price is 41% above last closing price of CA$7.85. Stock is down 43% over the past year. The company is forecast to post earnings per share of CA$0.98 next year compared to a net loss per share of CA$0.094 last year. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CA$8.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Energy Services industry in Canada. Total loss to shareholders of 32% over the past three years. Ankündigung • Nov 13
Mattr Corp. Provides Earnings Guidance for the Fourth Quarter of 2025 Mattr Corp. provided earnings guidance for the fourth quarter of 2025. The Company currently anticipates revenue from Continuing Operations in the fourth quarter of 2025 will be below the third quarter of 2025. Major Estimate Revision • Aug 20
Consensus EPS estimates fall by 31% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CA$1.38 to CA$0.96 per share. Revenue forecast steady at CA$1.24b. Net income forecast to grow 130% next year vs 27% growth forecast for Energy Services industry in Canada. Consensus price target down from CA$14.13 to CA$12.93. Share price fell 12% to CA$10.68 over the past week. Ankündigung • Aug 19
Mattr Corp. Appoints Jane Skoblo as A Director, Effective August 13, 2025 Mattr Corp. announced the appointment of Jane Skoblo as a director of the Company effective August 13, 2025. Ms. Skoblo will serve on both the Audit and Compensation & Organizational Development Committees of Mattr. Ms. Skoblo’s addition to the Board allows for an orderly transition as Laura Cillis, current Director and Audit Committee Chair, intends to retire from the Board at the Company’s next Annual General Meeting. Ms. Skoblo is an independent corporate director, with extensive financial services experience spanning Canada, USA and international markets. In her last role, she was Vice President, Digital Operations at Rogers Communications, leading digital transformation for the company. Ms. Skoblo previously served as CFO of AMEX Bank of Canada and of Global Rewards for American Express (USA). Prior to that, she was CFO and COO of two start-ups - myNext Mortgage Company and Mortgage Architects Inc. She has also held senior positions in Finance with CIBC and BMO. Ms. Skoblo currently sits on the Board of Directors for Medavie, a Canadian health solutions provider, where she chairs the Audit and Risk Committee and is a member of the Finance and Investment Committee. She also sits on the Board of Teranet, the exclusive provider of electronic land and commercial registration services on behalf of the Provinces of Ontario and Manitoba, where she serves as Audit Chair, and of KOHO, a Canadian fintech company that offers a mobile-first banking alternative. Ms. Skoblo was previously a board member of Allstate Canada, Logistec Corporation, Points, Digital Research Alliance of Canada, AMEX Bank of Canada and Advisory Board member at the University of Waterloo School of Accounting and Finance. Ms. Skoblo holds a Bachelor of Business Administration from the Schulich School of Business. She is a CPA and holds CITP designation from AICPA and an ICD.D designation from the Institute of Corporate Directors. Recent Insider Transactions • Aug 17
Independent Director recently bought CA$502k worth of stock On the 15th of August, Alan Hibben bought around 50k shares on-market at roughly CA$10.13 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$232k more in shares than they bought in the last 12 months. Price Target Changed • Aug 15
Price target decreased by 8.0% to CA$13.00 Down from CA$14.13, the current price target is an average from 7 analysts. New target price is 27% above last closing price of CA$10.21. Stock is down 31% over the past year. The company is forecast to post earnings per share of CA$0.96 next year compared to a net loss per share of CA$0.094 last year. Reported Earnings • Aug 14
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: CA$0.77 (up from CA$0.035 loss in 1Q 2024). Revenue: CA$320.1m (up 52% from 1Q 2024). Net income: CA$48.1m (up CA$50.4m from 1Q 2024). Profit margin: 15% (up from net loss in 1Q 2024). Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 18% per year. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$10.08, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Energy Services industry in Canada. Total returns to shareholders of 64% over the past three years. Ankündigung • Aug 14
Mattr Corp. Provides Earning Guidance for the Third Quarter of 2025 Mattr Corp. provided earning guidance for the third quarter of 2025. For the quarter, company currently anticipates revenue will be modestly below the second quarter of 2025. New Risk • Jun 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$707k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (CA$707k sold). Recent Insider Transactions • Jun 15
Independent Director recently sold CA$631k worth of stock On the 13th of June, Alan Hibben sold around 56k shares on-market at roughly CA$11.27 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$372k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$11.21, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Energy Services industry in Canada. Total returns to shareholders of 98% over the past three years. Recent Insider Transactions • May 22
Independent Director recently bought CA$77k worth of stock On the 20th of May, Alan Hibben bought around 8k shares on-market at roughly CA$9.83 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$315k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CA$9.19, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Energy Services industry in Canada. Total returns to shareholders of 46% over the past three years. Price Target Changed • May 20
Price target decreased by 8.4% to CA$14.25 Down from CA$15.56, the current price target is an average from 8 analysts. New target price is 51% above last closing price of CA$9.44. Stock is down 45% over the past year. The company is forecast to post earnings per share of CA$1.41 next year compared to a net loss per share of CA$0.094 last year. New Risk • May 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 18% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Large one-off items impacting financial results. Price Target Changed • May 16
Price target decreased by 8.3% to CA$14.50 Down from CA$15.81, the current price target is an average from 8 analysts. New target price is 45% above last closing price of CA$9.99. Stock is down 41% over the past year. The company is forecast to post earnings per share of CA$1.39 next year compared to a net loss per share of CA$0.094 last year. Reported Earnings • May 15
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: CA$0.77 (up from CA$0.007 loss in 1Q 2024). Revenue: CA$320.1m (up 43% from 1Q 2024). Net income: CA$48.1m (up CA$48.5m from 1Q 2024). Profit margin: 15% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Recent Insider Transactions Derivative • Mar 21
President exercised options to buy CA$150k worth of stock. On the 19th of March, Michael Reeves exercised options to buy 14k shares at a strike price of around CA$10.67, costing a total of CA$148k. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. Since December 2024, Michael's direct individual holding has increased from 103.86k shares to 161.36k. Company insiders have collectively bought CA$257k more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • Mar 17
Price target decreased by 10% to CA$16.56 Down from CA$18.41, the current price target is an average from 8 analysts. New target price is 53% above last closing price of CA$10.86. Stock is down 37% over the past year. The company is forecast to post earnings per share of CA$0.90 next year compared to a net loss per share of CA$0.094 last year. Reported Earnings • Mar 14
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: CA$0.094 loss per share (down from CA$0.61 profit in FY 2023). Revenue: CA$885.3m (flat on FY 2023). Net loss: CA$6.20m (down 115% from profit in FY 2023). Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 14
Mattr Corp. Provides Earnings Guidance for the Year 2025 Mattr Corp. provided earnings guidance for the year 2025. For the year, the company expects year-over-year revenue, Adjusted EBITDA and Adjusted EPS growth versus 2024, driven primarily by new customer capture, new product adoption, increased customer activity, progressively rising production output from newly established sites, progressively improving cost absorption as new site activity rises, significantly lower full year 2025 MEO cost recognition when compared to 2024 and the addition of AmerCable. All previously existing business lines are expected to contribute to year-over-year revenue growth, with the exception of Flexpipe, where the Company is expecting relatively flat revenue performance in 2025. Major Estimate Revision • Mar 13
Consensus EPS estimates increase by 25% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CA$0.12 to CA$0.15. Revenue forecast steady at CA$892.4m. Net income forecast to grow 172% next year vs 36% growth forecast for Energy Services industry in Canada. Consensus price target down from CA$18.41 to CA$17.91. Share price fell 4.6% to CA$9.43 over the past week. Ankündigung • Mar 10
Mattr Corp., Annual General Meeting, May 15, 2025 Mattr Corp., Annual General Meeting, May 15, 2025. Ankündigung • Jan 03
Mattr Corp. (TSX:MATR) completed the acquisition of Nexans AmerCable Incorporated from Nexans USA Inc. Mattr Corp. (TSX:MATR) agreed to acquire Nexans AmerCable Incorporated from Nexans USA Inc. for $280 million on November 7, 2024. A cash consideration of $280 million will be paid by Mattr Corp. Mattr intends to finance the transaction through a mix of cash on its balance sheet and its existing credit facility. AmerCable reported in 2023 standard sales of approximately $250 million. This purchase price represents a multiple of approximately 5.0 times Adjusted EBITDA of the AmerCable business for the trailing twelve-month (“TTM”) period ended June 30, 2024. The deal has received unanimous approval from both Mattr’s and Nexans’ Board of Directors. The transaction is subject to customary closing conditions including U.S. anti-trust review and approval and is expected to close around the end of 2024. Transaction fees are anticipated to be in the range of $5.8 to $6.5 million. TD Securities, Inc. acted as financial advisor for Mattr Corp. Kelli N. Patel, Mauryah N. A. McLaughlin of Dentons Canada LLP acted as legal advisor for Mattr Corp. Mitchell E. Albert of Dentons US LLP acted as legal advisor for Mattr Corp. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to Nexans USA Inc. White & Case LLP acted as legal advisor for Nexans USA Inc.
Mattr Corp. (TSX:MATR) completed the acquisition of Nexans AmerCable Incorporated from Nexans USA Inc. on January 2, 2025. Ankündigung • Dec 08
Mattr Corp. announced that it expects to receive CAD 129.25 million in funding Mattr Corp. announced that it has entered into an underwriting agreement to sell, pursuant to a private placement offering to issue 125,000 debt subscription receipts for an aggregate issue price of CAD 1,034 for the aggregate gross proceeds of up to CAD 129,250,000 on December 6, 2024. Each Subscription Receipt will entitle the holder thereof to receive, upon the satisfaction of certain conditions and without payment of additional consideration or further action, a newly authenticated 7.25% senior unsecured note of the Company due April 2, 2031, in a principal amount of CAD 1,000. The company expects the closing of the Acquisition to occur in the first quarter of 2025. Price Target Changed • Nov 20
Price target decreased by 9.1% to CA$19.59 Down from CA$21.56, the current price target is an average from 8 analysts. New target price is 49% above last closing price of CA$13.15. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of CA$0.12 for next year compared to CA$0.81 last year. Reported Earnings • Nov 14
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CA$0.085 (down from CA$0.26 in 3Q 2023). Revenue: CA$226.2m (flat on 3Q 2023). Net income: CA$5.61m (down 69% from 3Q 2023). Profit margin: 2.5% (down from 8.0% in 3Q 2023). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 44% per year. Major Estimate Revision • Nov 12
Consensus EPS estimates fall by 27% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CA$0.41 to CA$0.30 per share. Revenue forecast steady at CA$932.3m. Net income forecast to grow 93% next year vs 1.5% decline forecast for Energy Services industry in Canada. Consensus price target up from CA$18.81 to CA$21.06. Share price rose 28% to CA$16.10 over the past week. Price Target Changed • Nov 11
Price target increased by 12% to CA$21.06 Up from CA$18.81, the current price target is an average from 8 analysts. New target price is 37% above last closing price of CA$15.39. Stock is down 0.5% over the past year. The company is forecast to post earnings per share of CA$0.30 for next year compared to CA$0.81 last year. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CA$15.39, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 9x in the Energy Services industry in Canada. Total returns to shareholders of 213% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$24.23 per share. Ankündigung • Nov 09
Mattr Corp. (TSX:MATR) agreed to acquire Nexans AmerCable Incorporated from Nexans S.A. (ENXTPA:NEX) for CAD 390 million. Mattr Corp. (TSX:MATR) agreed to acquire Nexans AmerCable Incorporated from Nexans S.A. (ENXTPA:NEX) for $280 million on November 8, 2024. A cash consideration of $280 million will be paid by Mattr Corp. Mattr intends to finance the transaction through a mix of cash on its balance sheet and its existing credit facility. AmerCable reported in 2023 standard sales of approximately $250 million. The deal has received unanimous approval from both Mattr’s and Nexans’ Board of Directors. The transaction is subject to customary closing conditions including U.S. anti-trust review and approval and is expected to close around the end of 2024. Transaction fees are anticipated to be in the range of $5.8 to $6.5 million.
TD Securities, Inc. acted as financial advisor for Mattr Corp. Dentons Canada LLP acted as legal advisor for Mattr Corp. Ankündigung • Oct 25
Mattr Corp. to Report Q3, 2024 Results on Nov 13, 2024 Mattr Corp. announced that they will report Q3, 2024 results After-Market on Nov 13, 2024 Major Estimate Revision • Aug 15
Consensus EPS estimates fall by 34% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$979.3m to CA$962.4m. EPS estimate also fell from CA$0.80 per share to CA$0.528 per share. Net income forecast to grow 122% next year vs 6.5% growth forecast for Energy Services industry in Canada. Consensus price target down from CA$22.78 to CA$20.50. Share price fell 11% to CA$14.80 over the past week. Reported Earnings • Aug 13
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CA$0.18 (down from CA$0.21 in 2Q 2023). Revenue: CA$253.9m (up 1.4% from 2Q 2023). Net income: CA$12.2m (down 17% from 2Q 2023). Profit margin: 4.8% (down from 5.9% in 2Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 87%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.7% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 48% per year. Price Target Changed • Aug 12
Price target decreased by 10% to CA$20.50 Down from CA$22.78, the current price target is an average from 8 analysts. New target price is 39% above last closing price of CA$14.74. Stock is down 23% over the past year. The company is forecast to post earnings per share of CA$0.75 for next year compared to CA$0.81 last year. Ankündigung • Jul 19
Mattr Corp. to Report Q2, 2024 Results on Aug 08, 2024 Mattr Corp. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Recent Insider Transactions Derivative • May 30
Insider exercised options and sold CA$116k worth of stock On the 24th of May, Frank Cistrone exercised options to acquire 7k shares at no cost and sold these for an average price of CA$16.04 per share. This trade did not impact their existing holding. Since December 2023, Frank's direct individual holding has increased from 48.55k shares to 50.09k. Company insiders have collectively bought CA$5.7m more than they sold, via options and on-market transactions, in the last 12 months. Major Estimate Revision • May 21
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CA$0.938 to CA$0.803 per share. Revenue forecast steady at CA$969.5m. Net income forecast to grow 116% next year vs 2.4% growth forecast for Energy Services industry in Canada. Consensus price target broadly unchanged at CA$22.66. Share price rose 5.0% to CA$17.09 over the past week. New Risk • May 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • May 15
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: CA$0.007 loss per share (down from CA$0.36 profit in 1Q 2023). Revenue: CA$224.5m (down 38% from 1Q 2023). Net loss: CA$437.0k (down 102% from profit in 1Q 2023). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 9.4% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 15
Mattr Corp. (TSX:MATR) announces an Equity Buyback for 3,442,233 shares, for CAD 25 million. Mattr Corp. (TSX:MATR) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 3,442,233 shares for CAD 25 million. The bid will be funded using existing cash resources and any common shares repurchased by the company under the bid will be cancelled. The bid is subject to approval from Toronto Stock Exchange. Ankündigung • Apr 11
Mattr Corp. to Report Q1, 2024 Results on May 14, 2024 Mattr Corp. announced that they will report Q1, 2024 results After-Market on May 14, 2024 Major Estimate Revision • Apr 04
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CA$1.06 to CA$0.93 per share. Revenue forecast steady at CA$966.5m. Net income forecast to grow 43% next year vs 7.7% growth forecast for Energy Services industry in Canada. Consensus price target broadly unchanged at CA$22.34. Share price was steady at CA$17.50 over the past week. New Risk • Mar 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Reported Earnings • Mar 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CA$0.81 (up from CA$0.43 loss in FY 2022). Revenue: CA$925.3m (down 26% from FY 2022). Net income: CA$55.8m (up CA$85.8m from FY 2022). Profit margin: 6.0% (up from net loss in FY 2022). Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 01
Mattr Corp., Annual General Meeting, May 15, 2024 Mattr Corp., Annual General Meeting, May 15, 2024. Ankündigung • Feb 29
Mattr Corp. to Report Q4, 2023 Results on Mar 13, 2024 Mattr Corp. announced that they will report Q4, 2023 results After-Market on Mar 13, 2024 
